SBI Insurance Group Co., Ltd., First Half Ordinary Profit Increases by 0.3％

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Tue Nov 12, 2024 3:30 pm JST Earnings

7326 SBI Insurance Group Co., Ltd. 【J-GAAP】

Earnings Report

SBI Insurance Group Co., Ltd. <7326> [TSE-G] announced its financial results after the market closed on November 12th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 4.86 billion yen, a 0.3% increase compared to the same period last year. The progress rate against the 9.3 billion yen full-year plan was 52.3%, it was below the five-year average of 55.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to expand by 31.0% from the same period last year, reaching 4.43 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 22.4% from the same period last year, reaching 1.15 billion yen.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Sep, 2022	47,897	ー	4,154	1,493	60.2	65.9	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	52,507	ー	4,851	1,667	67.2	58.9	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	57,362	ー	4,867	1,626	65.5	52.3	Nov 12, 2024	J-GAAP
YoY	+9.2%	－	+0.3%	-2.5%	-2.5%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	57,362	ー	4,867	1,626	65.5	0	Oct 29, 2024	J-GAAP
Apr - Sep, 2024 Results	57,362	ー	4,867	1,626	65.5	0	Nov 12, 2024	J-GAAP
Revision Rate	0.0%	－	0.0%	0.0%	+0.0%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	56,832	ー	3,385	-217	-8.8	18	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	58,638	ー	4,433	174	7.0	20	Oct 29, 2024	J-GAAP
YoY	+3.2%	－	+31.0%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	96,110	ー	6,308	1,240	50.0	10	May 11, 2023	J-GAAP
Mar, 2024	109,339	ー	8,236	1,450	58.5	18	May 9, 2024	J-GAAP
Mar, 2025 Guidance	116,000	ー	9,300	1,800	72.5	20	May 9, 2024	J-GAAP
YoY	+6.1%	－	+12.9%	+24.1%	+24.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	24,599	ー	945	-485	-19.6	0.0	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	25,959	ー	1,576	64	2.6	0.0	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	30,873	ー	1,809	-281	-11.3	0.0	May 9, 2024	J-GAAP
Apr - Jun, 2024	30,916	ー	3,710	2,050	82.6	0.0	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	26,446	ー	1,157	-424	-17.1	0.0	Nov 12, 2024	J-GAAP
YoY	+7.5%	－	+22.4%	+12.6%	+12.6%